Basis Period Reform: Planning is Key
Business Advisory Directors Chris George and Simon Hurren explain a forthcoming change to Income Tax regulations which may affect many agricultural businesses. With many farmers running their businesses through partnerships or as sole traders, changes to the basis period rules, due to take effect from 6 April 2023, could lead to large tax liabilities in some cases.
1 0 | SCRUTTON BLAND | AGRICULTURE AND FARMING
Made with FlippingBook Learn more on our blog